Average Daily Trend
Timeframe: M5 to D1.
The main aim of this indicator lies in determining entry points. In spite of apparent simplicity of the indicator, it has complicated analytic algorithms which determine entry points. The indicator generates exact and timely entry signals which appear on the current candle.
- Blue Line shows the trend of the average Daily high.
- Red Line shows the trend of the average Daily low.
- Orange Arrow: open Buy trade.
- Blue Arrow: open Sell trade.
The indicator is very easy to use. Open Buy trade when you see an up arrow. Open Sell trade when you see a down arrow.
The indicator does not repaint its values. Arrows always stay where they have appeared.
- START BUY / START SELL - input to Buy / input to Sell
- PROFIT 1 - your profit 1
- PROFIT 2 - your profit 2
- PROFIT 3 - your profit 3
- STOP LOSS - set stop loss
- period - indicator period.